MARKET CLOSE: NZ shares rise, paced by DNZ, MRP on yield demand

Tue, 28 Apr 2015

By Suze Metherell April 28 (BusinessDesk) - New Zealand shares rose, paced by DNZ Property Fund and MightyRiverPower, as investors sought income paying equities. Xero extended its decline. The NZX 50 Index fell 4.296 points, or 0.1 percent, to 5769.652. Within the index, 23 stocks rose, 21 fell and six were unchanged. Turnover was $134 million. Traders are looking towards Thursday morning, when the Reserve Bank is expected to keep the official cash rate on hold at 3.5 percent. Dividend paying stocks rose, as investors sought income-p...

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